China’s central bank has fined four mobile payment operators a combined RMB 100 million ($14.7 million).
Posted inHeavy Hitters
ByteDance seeks $3 billion funding round with up to $75 billion valuation
If the goal is completed, Bytedance could become one of the most valuable private tech companies in the world.
Posted inViews
Welcome to the new TechNode (redux)
Some say that you only ever really learn through your failures.
Posted inTurf Wars
Baidu’s Robin Li isn’t worried about Google’s rumored return
Baidu CEO Robin Li has said he welcomes the competition and that Baidu would “win again.”
Posted inHeavy Hitters
WeChat begins crackdown on fake public account page views and followers
WeChat will begin cracking down on falsified pageviews and followers on public accounts beginning August 8.
Posted inUp and Comers
Taiwan-based Appier launches new AI-powered content marketing platform
Appier has acquired Indian content marketing startup Qgraph for an undisclosed amount.
Posted inOn the Cusp
Tencent-backed Weimob files for Hong Kong IPO
Weimob provides cloud services and marketing solutions to small-to-medium sized enterprises via WeChat.
Posted inNews
Lack of support for young researchers is holding back China’s innovation
Sun Yukun, a second-year student at the China Agricultural University and leader of the university’s student Science Trip team, left Beijing for Tibet on July 24 with 15 other members. The Tibet field trip project has been the university Science Trip’s tradition for 14 years. For the past few months, Sun has organized high-intensity physical […]
Posted inHeavy Hitters
China’s leading game enterprise acquires Israeli company for its AI
巨人网络停牌重组 将通过收购Playtika进军人工智能 – Xinhua Net What happened: Giant Network, a leading game development, operation, and publication company, announced its acquisition of Playtika, a smart entertainment game provider based in Israel, for $4.5 billion. China’s regulatory department is reviewing the acquisition. Giant Network hopes the deal would allow it to cut into the field of artificial intelligence. […]
Posted inHeavy Hitters
New rumors swirl around ByteDance’s IPO
government crackdowns on content this year killed the company’s fundraising round that would have valued it at up to $45 billion, more than twice its then-valuation of $20 billion.